Foreclosure Article
Did you know the Arizona Attorney General’s Office has a wide range of statewide assistance programs funded through the national mortgage settlement that could benefit you or people you know?
~Zero interest, zero payment, forgivable loans from the AZ Mortgage Relief Fund to help with: past due payments due to a hardship, principal reduction, or refinance when a loan is going to become unaffordable due to a hardship or an interest rate increase.~Foreclosure prevention and financial literacy counseling by HUD-approved housing counselors.
~Free legal help with mortgage related issues for people at risk of or impacted by foreclosure.
~Relocation assistance for people who lost their home or were evicted due to foreclosure, or are facing a rent increase that will be unaffordable.
~Job training and employment services for people who lost their home or were evicted due to foreclosure.
~Funds for veterans with service-connected disabilities who can’t afford to make accessibility improvements and maintain their mortgage payment.
Comments:
QUESTIONS
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We had a home that was foreclosed on in 2008. We had a first mortgage and a second HELC, both by the same bank. They foreclosed via trustee sale, not judicial foreclosure. Can they come after us for the total amount of the HELC?
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We recently (7/29/14) lost our home to foreclosure, the question I have is that when we initially bought our home in Oct. 2004 the purchase price was $125,500.00 with a 3 yr arm. we then refinanced to get a fixed interest rate and got some cash to pay off debt, the refi amt was $171,000.00 that was about 5 or 6 yrs ago and now fast forward to 2014 I get a statement from the bank saying we owe $224,600+ thousand dollars on the home, how does my debt increase to that amount and is this legal?
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Is a single unit in a large condominium complex treated the same as a single family residence under the AZ anti-deficiency statutes?
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We're renting a home and have 9 months left in our 12 month lease. We just found out the property foreclosed and the home sold. We've been offered money to leave in 30 days. We are protected under the Protecting Tenants in Foreclosure Act, and can stay for the duration of our lease. We are willing to leave in 60-90 days, to give us time to find another rental. If the PTFA expires on 12/31/14 are we still protected on 1/1/15? Can they give us more time but then come back on Jan. 1st and evict us? Are we protected past the expiration of the act because we signed our lease before the foreclosure?
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My father passed away in September, 2016. I am the executor of his estate and I have a lawyer representing me and the estate. His house is paid off but he has a 7,000 home equity line of credit. There is no money in the estate to pay any bills except the utilities. It is for sale and hopefully will be sold soon. I received an Act 91 notice. Can a house be foreclosed on that is in probate? There is no money to pay the home equity line of credit bill or the taxes owed till the house is sold
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How long can my tenant stay at property when letting home forclose?
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I have a balloon payment due this November. And I believe my house isn't even worth what I owe at this point. Is someone willing to lend in these cases? Should I be shopping for a fefinance this early? I know we are negative, but we love our house and know it will rebound one day, just need to get through this hard time. Any idea's? Thanks, Tomm
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How do I find out if there is a sale date for my home that is in foreclosure?
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Are the lenders able to work with you even if your only 1 month behind. they sent us a letter giving us a certain date to catch up and what would happen if this didn't occur.
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In 2003 I losa a home to foreclosure.There was over 40,000 of equity in my home. After all debts & liens were paid off,10,000 in excess proceeds was put with the State Treasury of Arizona.How do I go about getting my money back from them?
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ORGANIZATIONS
- Arizona Foundation For Legal Services & Education
View full description - Catholic Charities - Coconino, Apache, Navajo Counties
View full description - Catholic Community Services in Western Arizona
View full description - DNA - People's Legal Services - Hopi Legal Services
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